SUR - Spur Corporation Limited - Trading Statement
17 August 2007 16:08
SUR - Spur Corporation Limited - Trading Statement                              
Spur Corporation Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/000828/06)                                            
Share code: SUR                                                                 
ISIN: ZAE000022653                                                              
("Spur Corporation" or "the company")                                           
TRADING STATEMENT                                                               
Shareholders are advised that Spur Corporation`s earnings and earnings per      
share, and headline earnings and headline earnings per share, for the year ended
30 June 2007 are expected to be between 34% and 44% higher than those for the   
year ended 30 June 2006.                                                        
Income for the current year has benefited from a tax credit of R16.6 million.   
This equates to 28.5% of earnings and headline earnings for the year ended 30   
June 2006.  The tax credit results from the recognition of a deferred tax asset 
in respect of cumulative tax losses and future tax deductions of intangible     
assets in the company`s international operations.                               
Agreement was reached with tax authorities during the current year, which has   
provided the necessary certainty required to recognise this deferred tax asset. 
The company`s results for the year ended 30 June 2007, on which this trading    
statement is based, have not been reviewed and/or reported on by the company`s  
auditors. The year end results will be announced on SENS on 6 September 2007.   
Cape Town                                                                       
17 August 2007                                                                  
Sasfin Capital                                                                  
A division of Sasfin Bank Limited                                               
Date: 17/08/2007 16:08:00 Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          

 Powered by ProfileData